New BPC CEO unveiled

SHARE   |   Wednesday, 02 November 2016   |   By Kabelo Adamson
Schwarzfischer Schwarzfischer

New Botswana Power Corporation (BPC) chief executive officer, Stefan Schwarzfischer has asked to be given time to turn around things at the parastatal. Schwarzfischer – a German national who started his work on Tuesday – said this after being introduced to the media by BPC board chair, Sebetlela Sebetlela. He said he was going to talk with his EXCO team about the challenges faced by the utility corporation and has promised to come back with the solutions. Schwarzfischer – a qualified engineer in metallurgy and materials and possessing financial background having worked for audit firm, KPMG – said he has re-organised and restructured many corporations. He is expected to reorganise BPC which has been loss making for quite some time. He, however, said he would need to consult with the management first and the unions before he can take any decision on the realignment of the corporation. Meanwhile the board chair, Sebetlela said the corporation is embarking on a transformational journey to realise its ambition of being a leading power utility in the region by 2020. To that end, he said the company has adopted what is known as Masa 2020 which will seek to turnaround d the status of the corporation to be profitable and efficient in four years’ time.